Banks at risk : global best practices in an age of turbulence / / Peter Hoflich

• Record Nr.: UNINA9910829904603321
• Pubbl/distr/stampa: Singapore : , : J. Wiley & Sons (Asia) Pte. Limited, , 2011
• ISBN: 1-119-19941-7; 0-470-82722-X; 0-470-82721-1
• Descrizione fisica: 1 online resource (269 p.)
• Disciplina: 332.1; 332.1068
• Soggetti: Bank management; Banks and banking - Risk management
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover; Contents; Title page; Copyright page; Dedication; Acknowledgments; Introduction; ASHES OF THE HEROES; BANKS, REST, AND MOTION; DANGER!; AROUND THE WORLD TO FIND ANSWERS; Part One: The Regulators; Chapter 1: Effective Supervision of Systemically Important Banks; THE MORAL HAZARD FACING LARGE BANKS; SUGGESTED MEASURES; SOME THOUGHTS ON THE SOLUTION TO THE TBTF BANK PROBLEM; CHINA'S PRACTICES IN THE SUPERVISION OF LARGE BANKS; CONCLUSION; Chapter 2: Implications of the Financial Crisis for Risk Management and Macroprudential Supervision; OBSERVATIONS ON THE FINANCIAL CRISIS; EXPLORING THE PROMISE OF MACROPRUDENTIAL SUPERVISIONREDUCING THE LIKELIHOOD OF FUTURE PROBLEMS BY HOLDING MORE CAPITAL; ALTERNATIVE CRISIS MITIGATION STRATEGIES; CONCLUDING OBSERVATIONS; Chapter 3: Entering an Era of Global Regulatory Oversight; LESSONS OF THE GLOBAL FINANCIAL CRISIS; COORDINATING SECURITIES REGULATION; THE IMPORTANCE OF SETTING PRINCIPLES AND MULTILATERAL MEMORANDA OF UNDERSTANDING; IDENTIFYING AND ADDRESSING SYSTEMIC RISK; IOSCO'S POST-CRISIS RECOMMENDATIONS; POST-CRISIS ACCOUNTING ; ISSUES; THE FUTURE GLOBAL REGULATORY FRAMEWORK; CONCLUSION; Chapter 4: Old and New Lessons of the Financial Crisis for Risk ManagementINTRODUCTION; OLD LESSONS DRAWN FROM THE CRISIS; NEW LESSONS TO BE DRAWN FROM THE CRISIS; CONCLUSION; Part Two: The Practitioners; Chapter 5: Observations from the Epicenter; THE SAFETY VALVES FAILED; PASSING THE BUCK; A CONSPIRACY OF SILENCE; STRESS TESTING; OPPORTUNITIES FOR POSITIVE CHANGE; COMPENSATION AND THE ROLE OF RISK MANAGEMENT; RISK MANAGEMENT IS IN A BANK'S DNA; Chapter 6: The Financial Crisis: Epicenters and Antipodes; CALLING THE CRISIS; MANAGING CRISES; GOVERNMENT INVOLVEMENT; REGULATION; SUPERVISION; GOOD SOLUTIONS IN THE PASTPART OF A SYSTEM; Chapter 7: The Trouble With Troubled Banks; BANKS LED ASTRAY; RESTRUCTURING BANKS: MANAGEMENT; RESTRUCTURING BANKS: CAPITAL; CONCLUSION; Part Three: The Risk Managers; Chapter 8: Global Risk Management in Action; THE FOREIGN EXCHANGE MARKET; SETTLEMENT RISK; WHAT IS CLS?; HOW CLS WORKS; FAILURE MANAGEMENT; SUPERVISORS AND RISK; REGULATORY ENGAGEMENT; DELIVERING EFFICIENCIES AND GROWING BUSINESS OPPORTUNITIES; EXPANDING THE RISK MANAGEMENT ROLE WITH CHANGING NEEDS; LOOKING TO THE FUTURE; Chapter 9: The Credit Crisis and Its Implications for Asian Financial InstitutionsTHE BEGINNING OF THE END; HIGHER STANDARDS; HOLDING CAPITAL: EAST VERSUS WEST; TESTING THE SYSTEM; PREPARING SYSTEMS; Chapter 10: Missing Viewpoints of Current Global Regulatory Discussions; CAUSES OF THE NORTH ATLANTIC FINANCIAL CRISIS: THE EPICENTER VIEW; ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS: THE EPICENTER PERSPECTIVE; ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS: THE NON-EPICENTER PERSPECTIVE; ASSESSING THE CURRENT GLOBAL REGULATORY REACTIONS; CONCLUSION; INDEX
• Sommario/riassunto: Ideas on how to reform the financial services industry, from experts on the inside In the wake of the financial crisis of 2008 the practices of the entire global financial services industry have been called into question. From the government, to the media, to the general public, everyone is re-thinking the way forward for the financial sector, but the stakes are high. Should negative trends in the industry continue and financial innovations allow fallout from the next crisis to grow exponentially, the endgame could be the sort of mutually assured destruction that topples entire econom